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Blackstone acquires the majority of the IT R Systems company stock zooms in 20%

In Thursdays intraday trade, shares of R Systems International rose 20% to 281.25. Blackstone Inc., a U.S.based investment company, planned to buy the

In Thursdays intraday trade, shares of R Systems International rose 20% to 281.25. Blackstone Inc., a U.S.based investment company, planned to buy the majority of the shares of the domestic IT services company. A private equity company has made an offer to pay $359 million about 2,904 crore for a 52% interest. Satinder Singh Rekhi, the CEO of R Systems, has joined Blackstone as a nonexecutive advisor. The investment builds on Blackstones prior success in the sector globally and continues the companys longstanding belief in IT services. Read More..

B2B Tech News | 2 years ago        

Entrepreneur is selling a business he started six years ago with just £100 for a whopping £8million

Cadastra, a major player, purchased Digital Ethos for £8 million. The CEO and founder of the company is selected 2020s Great British Entrepreneur of

Cadastra, a major player, purchased Digital Ethos for £8 million. The CEO and founder of the company is selected 2020s Great British Entrepreneur of the Year. With just £100, Luke Tobin founded the Leicestershire marketing firm six years ago. A 700person corporation with locations throughout Europe and South America will result from the deal. Read More..

B2B Tech News | 2 years ago        

Grab Analyses 24% Loss in Q3 The delivery segment collapses even earlier than expected

Grab, a Singaporebased company that provides food and ridehailing services, cut losses and achieved profitability in its deliveries division for the f

Grab, a Singaporebased company that provides food and ridehailing services, cut losses and achieved profitability in its deliveries division for the first time since 2012. During the third quarter, the company reported an adjusted loss from profits before interest, taxes, depreciation, and amortisation of $161 million. Read More..

B2B Tech News | 2 years ago        

Participant Capital Advisors chooses Apex to manage its Luxembourgdomiciled funds

Apex Group Apex has been chosen by real estate investment firm Participant Capital Advisors, LLC Participant Capital to provide fund and financial ser

Apex Group Apex has been chosen by real estate investment firm Participant Capital Advisors, LLC Participant Capital to provide fund and financial services for its Luxembourgdomiciled funds. Apex Group will supply services to Participant Capital through its growing Miami office, which will offer the Groups integrated funds solution to asset managers, financial institutions, private customers, and family offices, with an emphasis on the Miami, Florida, and Latin American markets. Read More..

B2B Tech News | 2 years ago        

NASAs Most Powerful Moon Rocket, Artemis 1, Launches 50 Years After Apollo

The launch signals the beginning of NASAs Artemis lunarexploration mission. NASAs SLS rocket, which stands 98 metres tall, is the most powerful rocket

The launch signals the beginning of NASAs Artemis lunarexploration mission. NASAs SLS rocket, which stands 98 metres tall, is the most powerful rocket ever built. It boasts greater thrust than the space shuttle or the massive Saturn V that took men to the moon. Orion will have travelled more than 370,000 kilometres from Earth to the moon by Monday. The $4.1 billion test flight is scheduled to last 25 days, which is roughly the same amount of time that personnel will be aboard. NASA aspires to create a lunar outpost and deploy men to Mars by the 2030s. Read More..

B2B Tech News | 2 years ago        

In Colombia, drilling pays the bills. The countrys leaders want to stop the oil.

Millions of barrels of oil have been extracted by Colombia from beneath a sizable savanna. This year, voters broke that tradition by electing the firs

Millions of barrels of oil have been extracted by Colombia from beneath a sizable savanna. This year, voters broke that tradition by electing the first leftleaning president in two centuries. The goal of Gustavo Petro is to phase out oil while imposing high taxes on coal mining firms. A new generation of climateconscious Latin American leaders is led by Petro. Juan Manuel Petro, the oilrich president of Colombia, has pledged to halt fossil fuel exploration and levy a windfall tax on coal and oil extraction corporations. If he succeeds in his mission, Colombia will be the first significant oilproducing nation to halt drilling in the entire world. The government has requested an additional six months to develop the specifics of its energy transition. Read More..

B2B Tech News | 2 years ago        

Tame Impalabacked biotech ULUU raises $8 million to fight plastic waste with algae

CSIRO investor Main Sequence leads a $8 million seed round for a biomaterials company in Perth. Using farmed seaweed, seawater, and microbes in a ferm

CSIRO investor Main Sequence leads a $8 million seed round for a biomaterials company in Perth. Using farmed seaweed, seawater, and microbes in a fermentation process, polyhydroxyalkanoates PHAs are produced. Many of the plastics we currently use in clothing, packaging, accessories, and other products could potentially be completely replaced by ULUUs natural polymers in the future. The polymer is created using a fermentation process similar to that used to make beer, and it can decompose in the ocean within months. Read More..

B2B Tech News | 2 years ago        

Nigeria approves 1,650 MW hydroelectric project, says an official

The vice presidents spokeswoman announced on Tuesday that Nigeria had approved the construction of a 1,650 megawatt MW hydroelectric facility at a cos

The vice presidents spokeswoman announced on Tuesday that Nigeria had approved the construction of a 1,650 megawatt MW hydroelectric facility at a cost of $3 billion, making it one of the nations largest single power projects. Increasing power supply is anticipated to be the primary priority of President Muhammadu Buharis successor, who will take office after the 2019 elections. The largest economy in Africa struggles with low power output and inadequate transmission infrastructure, which forces many homes and businesses to rely on diesel generators. Read More..

B2B Tech News | 2 years ago        



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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